TLS vs XFOR: Correlation
Telos Corporation (TLS) and X4 Pharmaceuticals, Inc. (XFOR) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLS and XFOR?
On 3 years of weekly data the TLS/XFOR correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 5849.9 %².
Among the 19 assets we track against TLS, XFOR ranks #11 by 3-year correlation. The last year tells two different stories: XFOR led by 17.3 percentage points, -17.3% for TLS against +0.0% for XFOR.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
TLS vs XFOR: side by side
| TLS (Telos Corporation) | XFOR (X4 Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -17.3% | +0.0% |
| 5-year return | -85.1% | -97.2% |
| Volatility (ann.) | 110.3% | 121.6% |
| Beta vs S&P 500 | 2.54 | 1.66 |
| Max drawdown (3Y) | -58.3% | -96.8% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | 2.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLS | XFOR |
|---|---|---|
| 2022 | -67.0% | -56.6% |
| 2023 | -28.3% | -15.5% |
| 2024 | -6.3% | -12.5% |
| 2025 | +49.1% | -81.8% |
| 2026 | -5.5% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLS and XFOR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TLS and XFOR?
As of 2026-08-27, the correlation of weekly returns between TLS and XFOR is 0.44 over 3 years, 0.35 over 1 year and 0.28 over 5 years.
Is XFOR a good diversifier for TLS?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tls-vs-xfor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tls-vs-xfor/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TLS correlations · XFOR correlations
